Section 207. Conduct of inspection and inquiry
(1) Where a Registrar or inspector calls for books of account and other books and papers under section 206, it shall be the duty of every director, officer or other employee of the company to produce them and furnish statements, information or explanations and render all assistance.
(2) The Registrar or inspector making an inspection or inquiry may—
(a) make or cause to be made copies of books of account and other books and papers; or
(b) place or cause to be placed marks of identification in such books in token of the inspection.
(3) The Registrar or inspector shall have the powers vested in a civil court under the Code of Civil Procedure, 1908 in respect of discovery and production of books and documents, summoning and enforcing attendance of persons and examining them on oath, and inspection of books, registers and documents of the company.
(4) If any director or officer disobeys a direction under this section, he shall be punishable with imprisonment which may extend to one year and with fine which shall not be less than twenty-five thousand rupees but may extend to one lakh rupees. A director or officer convicted under this section shall be deemed to have vacated his office and shall be disqualified from holding office in any company.
